Ruth Sarreal

Hi, Sean. Thanks for having me.

Hi, Sean. Thanks for having me.

Hi, Sean. Thanks for having me.

Yeah, it sounds like Rachel has the right idea. I think it's a great idea to switch to online banks when you are looking for an account that earns a lot more interest than a traditional bank will offer you, or if you prefer to do most or all of your bank tasks online. And the great thing about

Yeah, it sounds like Rachel has the right idea. I think it's a great idea to switch to online banks when you are looking for an account that earns a lot more interest than a traditional bank will offer you, or if you prefer to do most or all of your bank tasks online. And the great thing about

Yeah, it sounds like Rachel has the right idea. I think it's a great idea to switch to online banks when you are looking for an account that earns a lot more interest than a traditional bank will offer you, or if you prefer to do most or all of your bank tasks online. And the great thing about

Some of these online banks' savings accounts is that they'll have sub-accounts so you can really specify what you're putting money away for. You can specify that it's for vacation or say IVF or whatever needs you have coming up.

Some of these online banks' savings accounts is that they'll have sub-accounts so you can really specify what you're putting money away for. You can specify that it's for vacation or say IVF or whatever needs you have coming up.

Some of these online banks' savings accounts is that they'll have sub-accounts so you can really specify what you're putting money away for. You can specify that it's for vacation or say IVF or whatever needs you have coming up.

Yeah, as far as cons go, generally online banking is tough if you prefer to do bank tasks in person, like go to a teller. And you mentioned ATM. So if you often need to deposit cash, you'd need to make sure that your online bank makes it easy and ideally free to do so. Because some online banks don't accept cash, as you mentioned, or they may limit how much you can deposit online.

Yeah, as far as cons go, generally online banking is tough if you prefer to do bank tasks in person, like go to a teller. And you mentioned ATM. So if you often need to deposit cash, you'd need to make sure that your online bank makes it easy and ideally free to do so. Because some online banks don't accept cash, as you mentioned, or they may limit how much you can deposit online.

Yeah, as far as cons go, generally online banking is tough if you prefer to do bank tasks in person, like go to a teller. And you mentioned ATM. So if you often need to deposit cash, you'd need to make sure that your online bank makes it easy and ideally free to do so. Because some online banks don't accept cash, as you mentioned, or they may limit how much you can deposit online.

or they might charge a fee for making cash deposits, though some do let you deposit cash for free. As for pros, again, the much higher interest rates are a great incentive for switching to an online bank. And then along with that, you'll pay fewer fees because online banks don't have the overhead costs that come with having branches.

or they might charge a fee for making cash deposits, though some do let you deposit cash for free. As for pros, again, the much higher interest rates are a great incentive for switching to an online bank. And then along with that, you'll pay fewer fees because online banks don't have the overhead costs that come with having branches.

or they might charge a fee for making cash deposits, though some do let you deposit cash for free. As for pros, again, the much higher interest rates are a great incentive for switching to an online bank. And then along with that, you'll pay fewer fees because online banks don't have the overhead costs that come with having branches.

They're able to minimize or not charge fees, and they can pay higher interest rates.

They're able to minimize or not charge fees, and they can pay higher interest rates.

They're able to minimize or not charge fees, and they can pay higher interest rates.

Being a customer of both types of banks can be really useful. Traditional banks do offer some advantages. You can generally get that in-person service. And the biggest traditional banks have a lot of branches and a good number of ATMs. So access to those kind of things is convenient.

Being a customer of both types of banks can be really useful. Traditional banks do offer some advantages. You can generally get that in-person service. And the biggest traditional banks have a lot of branches and a good number of ATMs. So access to those kind of things is convenient.